Drake & Scull Reports Strong Q3 2025 Financials
Drake & Scull International PJSC has reported a remarkable turnaround in its Q3 2025 financial results, marking a significant recovery phase.
Summary
Drake & Scull International PJSC announces a net profit of AED 11 million in Q3 2025, with a 92% revenue increase year-on-year, signaling a promising recovery.
Drake & Scull International PJSC (DSI), a prominent player in the engineering and construction sectors, has announced its financial results for the third quarter of 2025. The company recorded a net profit of AED 11 million, a substantial improvement from a net operating loss of AED 46.1 million in Q3 2024. This turnaround is attributed to a 92% increase in revenue, reaching AED 134.9 million, up from AED 70.4 million in the same period last year.
The company's gross profit also saw a significant rise of 124.5% year-on-year, standing at AED 11 million for Q3 2025. This financial performance highlights DSI's successful execution of its strategic growth roadmap, particularly through the continued progress on the Arabian Hills project and the launch of the Bidkin project in India under its Passavant subsidiary.
The restructuring efforts have started to bear fruit, with the UAE Engineering division posting its first profitable quarter since the restructuring. This marks an inflection point for DSI, signaling a return to sustainable profitability. The company's total assets slightly decreased by 1.9% to AED 629.5 million, while total equity increased by 3.2% to AED 156.6 million, indicating a strengthening financial position.
Moreover, the company's cash and bank balances stand at AED 266.5 million, providing operational flexibility and supporting future growth initiatives. DSI's strategic decision to diversify and expand into real estate development through the launch of DSI Real Estate Development is expected to further drive growth, starting with the Majan plot project in Dubai.
Given the company's robust financial performance, strategic initiatives, and promising projects in the pipeline, investors might consider holding their shares in anticipation of continued growth and profitability. However, as with any investment, it is crucial to monitor the company's progress and market conditions closely.
Source
Summary
Drake & Scull International PJSC (DSI) reported a net profit of AED 11 million for the third quarter of 2025, marking a significant turnaround from a net operating loss of AED 46.1 million in the same period last year. Revenue increased by 92% year-on-year to AED 134.9 million, supported by progress on key projects like the Arabian Hills project and the Bidkin project in India. The company also saw a 124.5% increase in gross profit compared to the previous year. Total assets decreased by 1.9% to AED 629.5 million, while total equity rose by 3.2% to AED 156.6 million. Cash and bank balances stood at AED 266.5 million, providing operational flexibility. DSI launched DSI Real Estate Development to drive new ventures, starting with the Majan plot project in Dubai, as part of its strategy to diversify and expand into real estate development.
